KCAP Financial, Inc. (KCAP) Announces $0.10 Quarterly Dividend
KCAP Financial, Inc. (NASDAQ:KCAP) announced a quarterly dividend on Thursday, December 14th, Wall Street Journal reports. Stockholders of record on Friday, January 5th will be paid a dividend of 0.10 per share by the financial services provider on Thursday, January 25th. This represents a $0.40 annualized dividend and a dividend yield of 11.59%. The ex-dividend date is Thursday, January 4th.
Shares of KCAP Financial (NASDAQ KCAP) traded up $0.01 during trading on Thursday, hitting $3.45. The stock had a trading volume of 182,900 shares, compared to its average volume of 134,489. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $128.45, a price-to-earnings ratio of 10.12 and a beta of 1.70. KCAP Financial has a twelve month low of $3.30 and a twelve month high of $4.12.
KCAP Financial (NASDAQ:KCAP) last announced its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $6.25 million during the quarter, compared to analyst estimates of $6.80 million. KCAP Financial had a net margin of 7.78% and a return on equity of 6.54%. equities research analysts expect that KCAP Financial will post 0.3 EPS for the current year.
KCAP has been the subject of several research analyst reports. ValuEngine upgraded KCAP Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised KCAP Financial from a “sell” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $3.50 target price on shares of KCAP Financial in a report on Tuesday, October 24th. Finally, Ladenburg Thalmann Financial Services started coverage on KCAP Financial in a report on Monday, September 25th. They set a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.75.
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About KCAP Financial
KCAP Financial, Inc is an internally managed, non-diversified closed-end investment company. The Company has approximately three principal areas of investments. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies (the debt securities portfolio).
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